IDEAS home Printed from https://ideas.repec.org/a/nsr/niesra/i5y2022p14-16.html
   My bibliography  Save this article

Box B: A Targeted Furlough Scheme to help the economy in downturns

Author

Listed:
  • Mortimer-Lee, Paul
  • Gortz, Christoph
  • McGowan, Danny

Abstract

There has been a significant improvement in the UK's net trade performance with the European Union (EU) since the 2016 Brexit vote. The previous negative trend in the real net trade balance with EU has not only stopped but is improving. The gap between recent numbers and the previous trend in the trade balance with the EU is equivalent to just over 2 per cent of GDP. A plausible reason for these developments is that the Brexit vote led to a sharp sterling depreciation, making the UK significantly more competitive while crimping domestic demand. However, Covid-19 and a dramatic drop in the EU's overall trade balance are also likely important influences.

Suggested Citation

  • Mortimer-Lee, Paul & Gortz, Christoph & McGowan, Danny, 2022. "Box B: A Targeted Furlough Scheme to help the economy in downturns," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 5, pages 14-16.
    • Handle: RePEc:nsr:niesra:i:5:y:2022:p:14-16
    as

    Download full text from publisher

    File URL: https://www.niesr.ac.uk/wp-content/uploads/2022/02/UK-Economic-Outlook-Winter-2022.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Natalia Bailey & Sean Holly & M. Hashem Pesaran, 2016. "A Two‐Stage Approach to Spatio‐Temporal Analysis with Strong and Weak Cross‐Sectional Dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(1), pages 249-280, January.
    2. Arnab Bhattacharjee & Sean Holly, 2013. "Understanding Interactions in Social Networks and Committees," Spatial Economic Analysis, Taylor & Francis Journals, vol. 8(1), pages 23-53, March.
    3. Sungyup Chung & Geoffrey J.D. Hewings, 2015. "Competitive and Complementary Relationship between Regional Economies: A Study of the Great Lake States," Spatial Economic Analysis, Taylor & Francis Journals, vol. 10(2), pages 205-229, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chadha, Jagjit S., 2022. "Foreward: bridge to normality," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(1 Winter), pages 1-3.
    2. Chadha, Jagjit S., 2023. "Foreword," National Institute Global Economic Outlook, National Institute of Economic and Social Research, issue 9, pages 1-3.
    3. Kucuk, Hande & Lenoel, Cyrille & MacQueen, Rory, 2021. "UK sectoral output," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 2, pages 33-41.
    4. NIESR & Appendix, 2022. "Appendix," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(1 Winter), pages 45-53.
    5. Bhattacharjee, Arnab & Pabst, Adrian & Mosley, Max & Szendrei, Tibor, 2022. "UK Regional Outlook: Autumn 2021," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(1 Winter), pages 29-40.
    6. Lenoel, Cyrille & Macqueen, Rory & Mortimer-Lee, Paul & Patel, Urvish & Whyte, Kemar, 2022. "Covid-19 leaves inflation in its wake," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 5, pages 5-28.
    7. Bhattacharjee, Arnab & Pabst, Adrian & Mosley, Max & Szendrei, Tibor, 2022. "UK Regional Outlook: Autumn 2021," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 5, pages 29-40.
    8. Mortimer-Lee, Paul & Patel, Urvish, 2022. "Box C: Gas prices and price controls," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(1 Winter), pages 24-26.
    9. Niesr, 2022. "Forecast tables," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 5, pages 45-53.
    10. Bhattacharjee, Arnab & Lisauskaite, Elena & Pabst, Adrian, 2021. "UK regional outlook," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(2), pages 42-57, May.
    11. Bhattacharjee, Arnab & Lisauskaite, Elena & Pabst, Adrian, 2021. "UK regional outlook," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 2, pages 42-57.
    12. Kucuk, Hande & Lenoel, Cyrille & MacQueen, Rory, 2021. "Brisk but not better growth," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 2, pages 5-32.
    13. Kucuk, Hande & Lenoel, Cyrille & MacQueen, Rory, 2021. "UK economic outlook: Brisk but not better growth," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(2), pages 5-32, May.
    14. Chadha, Jagjit S., 2021. "Foreward," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(2), pages 1-3, May.
    15. Niesr, 2021. "Overview," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 2, pages 1-4.
    16. Niesr, 2021. "Appendix," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 2, pages 58-66.
    17. Gopal K. Basak & Arnab Bhattacharjee & Samarjit Das, 2018. "Causal ordering and inference on acyclic networks," Empirical Economics, Springer, vol. 55(1), pages 213-232, August.
    18. Chadha, Jagjit S., 2022. "Foreward: bridge to normality," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(5), pages 1-3.
    19. Arnab Bhattacharjee & Sudipto Roy, 2019. "Abnormal Returns or Mismeasured Risk? Network Effects and Risk Spillover in Stock Returns," JRFM, MDPI, vol. 12(2), pages 1-13, March.
    20. Niesr, 2022. "Forecast tables," National Institute UK Economic Outlook, National Institute of Economic and Social Research, vol. 0(5), pages 45-53.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nsr:niesra:i:5:y:2022:p:14-16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Library & Information Manager (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.